Press release
Key Factors and Emerging Trends Shaping the 2D Barcode Reader Market Landscape
2D Barcode Reader
Projected Market Size and Growth of the 2D Barcode Reader Market
The 2D barcode reader market is forecasted to grow robustly, reaching a valuation of $11.04 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 7.6% during the forecast period. Several factors are contributing to this upward trend, including the rising use of omni-channel retail strategies, the integration of AI and IoT technologies for real-time tracking capabilities, growth in healthcare and transport logistics applications, the emergence of cloud-based barcode management platforms, and increasing popularity of contactless and mobile scanning solutions. Notable trends shaping the market include the development of cordless 2D readers, enhanced mobile scanning technologies, IoT-connected barcode systems, high-speed image processing, and AI-powered barcode decoding.
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Who Are the Leading Companies Driving the 2D Barcode Reader Market?
The 2D barcode reader sector features several influential companies that steer market innovation and growth. Key players include Honeywell International Inc., Omron Corporation, Keyence Corporation, Cognex Corporation, Datalogic S.p.A., Zebra Technologies Corp., Zebex Industries Inc., Sick AG, Denso Wave Incorporated, and Opticon Inc. Other notable names are General Data Co, Unitech Electronics Co. Ltd., Wasp Barcode Technologies, INSPIRY, SUNLUX IOT, MINDEO, Argox, CipherLab, Casio Computer Co. Ltd., Denso Corporation, Juniper Systems Inc., Marson Technology Co. Ltd., Scandit, Sato Holdings Corporation, Jadak, Pooyeh International Networks, and BlueStar.
Strategic Acquisition Highlight in the 2D Barcode Reader Market
In February 2023, Azenta, a biotechnology company based in the United States, acquired UK manufacturer Ziath for an undisclosed sum. This acquisition aims to strengthen Azenta's sample management capabilities by integrating Ziath's advanced 2D barcode readers and tracking technologies, thereby enhancing Azenta's position in the life sciences sector. Ziath specializes in 2D barcode readers designed specifically for laboratory sample management applications.
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Emerging Trends and Opportunities in the 2D Barcode Reader Market
Market leaders are increasingly focusing on innovation, particularly through the development of application programming interface (API) solutions that improve integration and functionality across systems. These APIs enable businesses to streamline barcode scanning with other software, boosting data exchange efficiency, inventory control, and operational workflows. For example, in February 2024, Bitly, a U.S.-based software-as-a-service provider, launched an automated 2D barcode API solution. This platform allows developers to generate, customize, and track 2D barcodes such as QR codes with ease. Features of this solution include automated barcode creation, multiple format support, seamless system integration, a user-friendly interface, and secure data handling.
Largest Market Segment in the 2D Barcode Reader Industry
This report categorizes the 2D barcode reader market into various segments for a comprehensive understanding:
1) Reader Type: Corded and Cordless
2) Application Areas: Warehousing, Logistics, E-commerce, Factory Automation, and Brick-and-Mortar retail
3) End Users: Retail, Hospitality, Transportation and Logistics, Manufacturing, Healthcare, and other sectors
Further breakdown includes:
- Corded readers such as USB corded scanners, serial corded scanners, and keyboard wedge barcode scanners
- Cordless readers including Bluetooth and Wi-Fi barcode scanners
These segments reflect the diverse uses and technological options available in the market, catering to a wide range of operational needs across industries.
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